韩国金融监督院（Financial Supervisory Service）已升级其虚拟资产交易分析情报系统 VISTA，引入自 动化检测算法打击不当加密交易。该算法采用滑动窗口网格搜索技术，可自动识别潜在价格操纵区间， 降低对人工调查的依赖。性能测试显示，系统已检出全部已知操纵时段，并发现此前难以识别的异常区 间。FSS 已为 2026 年 拨备 1.7 亿韩元（约 11.6 万美元） 用于 AI 性能升级，后续计划包括识别协同交 易账户网络、分析数千种加密资产的异常交易文本及追踪操纵资金来源。（Cointelegraph） （来源：吴说） ...

香港证监会主席黄天祐出席立法会财经事务委员会会议时表示，预计2026-2027年度录得盈余14.9亿港 元，截至明年3月底储备总额预计增至109.5亿港元。另外，本财政年度原先预测约1.85亿港元赤字，将 转为约16亿港元盈余，主要因股市日均成交额升推动香港证监会交易征费大幅增加，且组合表现理想。 黄天祐提到，考虑到香港整体金融服务业加薪或接近4%，香港证监会在下年度预算预留约3%一般薪酬 调整，以及1.5%与个人绩效挂勾的额外增幅。目前香港证监会实际人手985人，职位空缺52个，占整体 编制5%，人才流失率超过6%，中层员工尤其受到市场需求冲击。 有议员关注香港证监会为提升12个职位的职级拨备593万港元，即每个职位平均加薪4.1万港元，质疑会 否出现"头重脚轻"。黄天祐称，为确保市场能够监管，同时开拓市场、促进市场发展，团队稳定性至关 重要，认为向最好的员工加薪4.5%属基本需要。 ...

智通财经APP获悉，被问及稳定币发牌，香港金管局总裁余伟文出席财经事务委员会会议后向媒体表 示，该局有向部分申请人要求提供额外资讯，希望相关回应能够快及全面，如果该局能收到所有所需资 料，争取今年3月发牌，但数目不多，以安稳为目标。 余伟文提到，监管框架及发牌制度均已经清楚列明，如果将来的营运者有任何跨境活动，都一定要遵守 当地监管规定；符合外地发行的稳定币，在现行框架中要在香港应用，尤其零售方面，需要在香港取得 牌照，条件包括在香港设立办公室，以及在香港有储备资产。他称，稳定币监管及发牌刚起步，将来国 际上或会有互认安排的讨论。 ...

他表示，市场未来变数多，包括地缘政治、美国息率走向，所以外汇基金的规模需要分散风险。他说， 贵金属亦有投资价值，但价格变化与债券等不同。 香港金管局总裁余伟文表示，外汇基金与政府的分帐行之有效，以外汇基金投资组合的6年滚动投资回 报率作基准，或者3年期外汇基金票据债息，以较高者为准，可以令政府投资收益较可预测及稳定。 智通财经APP获悉，香港金管局副总裁李达志表示，2025年第四季香港"百分百担保特惠贷款"坏账率升 至18.67%，较第三季上升0.5-0.6个百分点，较早期增加逾3个百分点的增速放缓。 李达志指，外汇基金持有少量实金，商品投资组合中部分与黄金相关，但数量不多。虽然过去两年金价 升幅强劲，但刚过去周末跌幅，尤其银价跌幅惊人。 ...

Core Viewpoint - The articles emphasize the importance of integrating financial development into the broader context of high-quality economic and social development, highlighting the need for a pragmatic approach to promote financial quality and stability [1][15]. Group 1: Financial Development Strategy - The central financial authorities advocate for a moderate easing of monetary policy to support stable economic growth and reasonable price recovery [1][15]. - Financial support should be strengthened for major strategies, key areas, and weak links, focusing on enhancing the quality of financial supply for expanding domestic demand, technological innovation, and small and micro enterprises [1][15]. - The importance of managing expectations and coordinating financial policies with fiscal and industrial policies is emphasized to amplify policy effectiveness and boost social confidence [1][15]. Group 2: High-Quality Financial Development - Xi Jinping's speech outlines the strategic vision for building a financial powerhouse, emphasizing the need for a modern financial system that aligns with China's unique circumstances [2][5][8]. - The construction of a financial powerhouse is seen as a complex system project involving six pillars: financial regulation, markets, institutions, supervision, products and services, and infrastructure [10]. - The necessity of preventing systemic financial risks is highlighted as crucial for national security and sustainable development [11][12]. Group 3: Reform and Regulation - The articles stress the need for reform to address deep-seated contradictions in financial development, advocating for a dual-pillar framework of monetary and macro-prudential policies [16]. - Strengthening regulatory frameworks and enhancing the effectiveness of financial supervision are critical to managing risks and ensuring compliance across all financial activities [14][17]. - The importance of fostering a financial culture that aligns with Chinese characteristics is emphasized, aiming to instill correct values and ethics within financial institutions and professionals [12][17].

Core Viewpoint - The regulatory pressure on the virtual currency sector continues to intensify, with multiple local regulatory bodies and central bank branches issuing warnings against illegal financial activities disguised as virtual currency and RWA (Real World Asset tokenization) [1][2]. Regulatory Warnings - Since mid-January, local regulatory departments have been actively issuing risk alerts regarding illegal financial activities, particularly those involving unlicensed foreign exchange margin trading and virtual currency transactions [2]. - The Yichun Market Supervision Administration highlighted the risks associated with illegal financial activities under the guise of concepts like health services, blockchain, and virtual currency [2]. - The People's Bank of China (PBOC) Hunan branch identified three categories of virtual currency scams, emphasizing the need for public awareness [2][7]. Types of Scams - **Investment Scams**: These scams lure users to fake platforms with promises of high returns, leading to significant financial losses when users attempt to withdraw funds [3][4]. - **Pyramid Schemes**: Characterized by entry fees and multi-level commissions, these schemes mislead users into believing they can earn money by recruiting others [4]. - **Money Laundering**: This involves withdrawing cash, converting it to virtual currency, and transferring it to overseas wallets [5]. Public Awareness and Prevention - The PBOC and other regulatory bodies have previously expressed a strong stance against virtual currencies and RWA, indicating a coordinated effort to combat these issues [7]. - Citizens are advised to strengthen their defenses by avoiding participation in virtual currency transactions, protecting their bank accounts, and promptly reporting any scams to authorities [8].

本文源自：金融界AI电报 美国证交会（SEC）：由于拨款失效和政府（部分）停摆，美国证券交易委员会目前正按照机构在停摆 期间的运行计划开展工作。自2026年1月31日起，直至另行通知，将只有极少数工作人员继续工作。 ...

Group 1 - The Indonesian Financial Services Authority (OJK) executives collectively resigned following a significant drop in the Jakarta Composite Index, which fell approximately 8% on January 29, triggering a market circuit breaker [1][3] - The resignations included the chairman of the supervisory board, the head of capital markets and derivatives supervision, and the deputy commissioner responsible for issuer and securities transaction affairs [1] - The OJK stated that the resignations were not due to systemic failures but were a responsible action to maintain market confidence, with the chairman emphasizing the moral responsibility to help revitalize the stock market [1] Group 2 - The Indonesian government characterized the recent market fluctuations as a short-term shock and indicated that regulatory agencies would enhance communication with relevant institutions to stabilize market expectations [3] - A temporary governance mechanism has been initiated by the OJK to ensure that regulatory functions remain unaffected during this period [1] - The OJK reaffirmed its commitment to transparency and accountability in the wake of these developments [1]

Core Viewpoint - The Hong Kong Monetary Authority reported an increase in total assets of the foreign exchange fund, reaching HKD 4,151.4 billion by December 31, 2025, reflecting a rise of HKD 44.4 billion from the end of November 2025 [1] Group 1: Foreign Exchange Fund Assets - Total assets of the foreign exchange fund increased by HKD 44.4 billion, with HKD 23.7 billion attributed to Hong Kong dollar assets and HKD 20.7 billion to foreign currency assets [1] - The increase in Hong Kong dollar assets was primarily due to a rise in bank deposits [1] - The growth in foreign currency assets was driven by an increase in currency swap agreements, interest income, and market value revaluation of investments, although partially offset by a decrease in the month-end balance of purchased but unsettled securities [1] Group 2: Monetary Base and Support Assets - The monetary base as of December 31, 2025, was HKD 2,040 billion, reflecting an increase of HKD 7.8 billion, or 0.4%, from November 2025 [1] - The growth in the monetary base was mainly due to the increase in the market value of outstanding foreign exchange fund notes and bonds, as well as a rise in the total amount of liability certificates [1] - Total support assets increased by HKD 9.6 billion to HKD 225.09 billion, also showing a growth of 0.4%, primarily due to interest income from investments and the issuance of liability certificates, although this increase was partially offset by market value revaluation of investments [1] - The support ratio improved from 110.29% at the end of November 2025 to 110.34% at the end of December 2025 [1]

香港证监会今天发出通函，表示高度关注在2025年新上市申请激增期间出现的问题，包括部分上市文件 的拟备工作存在严重缺失，保荐人或有失当行为，以及其资源管理严重失误。就现有上市申请而言，香 港证监会于该通函中警告，若保荐人对监管机构的答复存在严重缺漏或未能令人信纳，或该会认为上市 文件不合理地冗长，项目审理流程或会暂停。截至2025年12月31日，有16宗上市申请的审理流程已暂 停。就此，证监会将通知其监管同业有关审理流程暂停一事。 （文章来源：第一财经） ...